Investment Terms
SCALE Lending Loan Parameters
Loan Types
Land loans, Constructions loans, Unsold condominium inventory loans, Acquisition loans, Repositioning loans
Property Types
All property types including but not limited to multifamily, condominium, retail, hotel, office, and land located within the NYC metropolitan area
Loan Amounts
Whole loans of $50,000,000+
Loan Terms
12-36 months, plus extension options
LTV/LTC
LTV Max of 75%, LTC Max of 80%
Prepayment
Loans subject to minimum multiple or minimum interest
Security
First mortgage/assignment of partnership
Interest Rates
30-day Libor +600bps and up, fluctuating based upon perceived risk, sponsorship, loan type, duration and market conditions. Loans will primarily be current pay.
Fees
1.0-2.0% Origination Fee / 0.5-1.0% Exit Fees / 0.25%-1.0% Extension Fees